Electric vehicles (EVs) are poised to revolutionize the way car dealerships operate, with a potentially seismic shift in the business model that has defined the industry for decades. As governments around the world increasingly incentivize the adoption of EVs, consumers are becoming more willing to make the switch, and car dealerships are scrambling to adapt. Gone are the days of relying on lucrative oil change and maintenance revenue streams, as EVs require significantly less maintenance and are often sold with warranties that cover the cost of replacement batteries. As a result, dealerships will need to rethink their pricing strategies, inventory management, and customer service approaches to remain competitive in a rapidly evolving market.
How EVs might change the math for car dealers Forbes India
